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American automaker Ford Motor Co. plans to cut thousands of jobs in its European division as part of the reorganization plan for activities in the region.
The manufacturer therefore plans to reduce labor costs as much as possible by voluntarily terminating employees in European countries,
Stephen Armstrong, Sales Manager. Ford in the region covering Europe, the Middle East and Africa did not specify how many employees could leave the company, but said that it it was thousands of employees. In total, Ford employs approximately 54,000 people in Europe, mainly in Germany, the United Kingdom and Spain.
In addition, Ford plans to withdraw from the van segment, to stop the production of automatic transmissions in Bordeaux and to assemble the seat. British Division and Financial Activity Ford Credit
According to Armstrong, the company's management is considering all options, including the closure of factories. The task is to achieve an operating profitability of 6% in Europe. In the third quarter of 2018, Ford suffered a loss of $ 245 million in the region.
Ford Motor's previous recall recalled nearly 900,000 cars in North America due to an engine failure. These include F-150 pickup trucks, issued between 2015 and 2018, and Super Duty, issued between 2017 and 2018.
By 2022, the company plans to carry the planned investments in the electric vehicle sector at $ 11 billion. To produce 40 hybrid and fully electric automobile models.
In addition, Ford introduced an EksoVests exoskeleton from Ekso Bionics, which will feature factory workers.
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